Healthcare Supply Chain and some trends to be considering as we go into 2022.
Episode Introduction
In Episode 26 of The Healthcare Leadership Experience, Lisa is joined by Bryan Covert from VIE Healthcare to discuss hospital supply chain and predicted trends for 2022.
As Bryan comments: ‘’Now more than ever, supply chain …needs executive support to be successful. And executives need to be paying attention and supporting supply chains so that they can work throughout the organization.’’
This episode is sponsored by VIE Healthcare Consulting® which has proudly helped hospitals save $772 million since 1999.
In today’s episode you’ll hear:
How the pandemic has shown why outsourcing, or reliance on one source to meet your supply chain requirements, is not a sustainable strategy. ‘’As everyone has heard me say, we can't have an over reliance on one aspect, one strategy. Remember, GPOs are an outsourced provider of services, so, ….their agreements, their services, they also need to be analyzed.’’
Why every hospital needs to build a strong team post-pandemic – and why healthcare leaders need to pay close attention to supply chain. Hint: The potential ROI for investment in supply chain is as high as 100-1.
The key trends affecting healthcare supply chain as we move into 2022, including:
- High inflation.
- Constraints on raw materials.
- Difficulties in hiring.
…and why hospitals need to be aware of how vendors will use this narrative to raise their costs. ‘’A lot of the effort now is going to be around controlling costs, and finding those areas where you can lower costs.’’
The importance of spend analytics for hospitals and the cost savings available in the line-item details of your purchased services spend.
Three pro-active steps supply chain leaders can take right now – and why every hospital needs to review physician subsidy agreements while revenues are lower, regardless of expiration dates.
‘’Just because collections are down, that doesn’t mean the hospital should pay more.’’
Why 2022 will see supply chain move ‘’out of the basement’’ to become a central operational pillar for every health system.
For more on purchased services, listen again to Episode 25 of The Healthcare Leadership Experience.
Connect with Lisa:
📧 lmiller@viehealthcare.com
📱https://www.linkedin.com/in/lisamiller/